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LOWE'S ANNOUNCES WEEKLY SALES

 LOWE'S ANNOUNCES WEEKLY SALES
 NORTH WILKESBORO, N.C., Jan. 27 /PRNewswire/ -- Lowe's (NYSE: LOW)


sales for the fourth week of January totaled $45.0 million, a 36 percent increase over the fourth week of January 1991. Sales to retail customers increased 35 percent and sales to contractors increased 38 percent.
 Week Ended: January 24, 1992 January 25, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +35 $ 30.0 67 $ 22.1 67
 Contractor Sales +38 $ 15.0 33 $ 10.9 33
 Total Sales +36 $ 45.0 100 $ 33.0 100
 Month-to-Date: January 24, 1992 January 25, 1991
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +35 $121.6 66 $ 89.9 65
 Contractor Sales +34 $ 63.7 34 $ 47.5 35
 Total Sales +35 $185.3 100 $137.4 100
 Rounded totals, millions of dollars
 Management commented that it was pleased with these sales, since the total of $45.0 million is a strong rebound from the 1991 decline. The January, 1990 comparable week's sales were $ 22.2 million retail, $ 17.5 million contractor, and $ 39.7 million total. The two-year compound growth rates in weekly sales are: Retail, + 16 percent; Contractor, - 7 percent; and Total, + 6 percent.
 Lowe's monthly sales report series will continue to summarize four-week, four-week, and five-week totals, including comparable store sales results. Lowe's quarterly news releases of sales and earnings will continue to present precise calendar totals.
 Lowe's is a specialty retailer serving the home center do-it- yourself business, the consumer durables business, and the building contractor business. Lowe's operates 306 stores in 20 states.
 -0- 1/27/92
 /CONTACT: W. Cliff Oxford or Clarissa S. Felts, Lowe's Companies, Inc., 919-651-4631 or 919-651-4254/
 (LOW) CO: Lowe's Companies, Inc. ST: North Carolina IN: REA SU:


CM -- CH003 -- 3828 01/27/92 14:16 EST
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Publication:PR Newswire
Date:Jan 27, 1992
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